ways I can save tax, Income Tax

[Sandesh Ugale]

Im writing this information on behalf of my father because like to know ways I can save his tax.

Facts and figure:

He is government employee.

Annul income: 10 Lakh

Retirement: 2017

Loan: 2 loans

Home: no

Land: yes

Investment: NO

LIC: yes

Medi-claim: NO

Posts / Replies

[Ganeshan Kalyani]

You have said 'Home - No' which implies that Loan as cited is a personal loan. Hence no deduction. You have not mentioned the Lic premium amount. This is eligible for deducted u/s 80C. Further PF is deducted by your father employer is also deductible, Further there are so many avenue to make investment to save tax. For eg LIC, PPF, NSC, NPS, Bonds, Mediclaims etc.